I think that if you've been in/out of UVV over long periods of time, you know that it is always lumpy. And given the lack of coverage, relatively thin trading, the stock bounces around quite violently. Nothing new. The business is now very back-end loaded with the cig manufacturers. We are in the early stages of re-balancing an oversupply situation. These things generally take 2-3 years to re-balance. We're in the 3'rd inning here. My guess is that it is 2017 when we see the bigger advancement in EPS based on supply/demand dynamics, outsourcing by manufactures, and continued tweaking of the entire supply chain. Trade this thing, collect the dividend, and always keep in mind that it always has lumpy eps reports. This year will end up relatively flat with last year. Not a bad year. Also, note the inventory was down 100M. A good sign..
Telling us what a great quarter they executed. Stock has gone no where for 30 years, returns are in the doghouse, and CEO tells us how well they are executing. He should go and find a dummy to work for.. Oh wait, he has Adderley! What a scam.